PETROFAC LIMITED ORD USD0.02 - Daily - Technical analysis published on 01/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 385.0 GBX
My targets
359.6 GBX (-1.94%)
336.4 GBX (-8.26%)
My analysis
PETROFAC LIMITED ORD USD0.02 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 385.0 GBX. The next support located at 359.6 GBX is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 336.4 GBX. Below this support, sellers could then target 305.2 GBX. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PETROFAC LIMITED ORD USD0.02 rating is 366.7 GBX. On the day, this instrument lost -2.16% and was between 364.2 GBX and 376.0 GBX. This implies that the price is at +0.69% from its lowest and at -2.47% from its highest.364.2
376.0
366.7
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of PETROFAC LIMITED ORD USD0.02 in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 366.7 | 385.0 | 405.7 | 419.6 |
| Change (%) | - | +4.99% | +10.64% | +14.43% |
| Change | - | +18.3 | +39.0 | +52.9 |
| Level | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 369.7 | 373.3 | 378.4 | 382.0 | 387.1 | 390.7 | 395.8 |
| Camarilla | 381.0 | 381.8 | 382.6 | 383.4 | 384.2 | 385.0 | 385.8 |
| Woodie | 370.4 | 373.7 | 379.1 | 382.4 | 387.8 | 391.1 | 396.5 |
| Fibonacci | 373.3 | 376.7 | 378.7 | 382.0 | 385.4 | 387.4 | 390.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 368.3 | 375.7 | 385.1 | 392.5 | 401.9 | 409.3 | 418.7 |
| Camarilla | 390.0 | 391.5 | 393.1 | 394.6 | 396.1 | 397.7 | 399.2 |
| Woodie | 369.4 | 376.2 | 386.2 | 393.0 | 403.0 | 409.8 | 419.8 |
| Fibonacci | 375.7 | 382.1 | 386.1 | 392.5 | 398.9 | 402.9 | 409.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 305.2 | 336.4 | 359.6 | 390.8 | 414.0 | 445.2 | 468.4 |
| Camarilla | 367.8 | 372.8 | 377.8 | 382.8 | 387.8 | 392.8 | 397.8 |
| Woodie | 301.2 | 334.4 | 355.6 | 388.8 | 410.0 | 443.2 | 464.4 |
| Fibonacci | 336.4 | 357.2 | 370.0 | 390.8 | 411.6 | 424.4 | 445.2 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.50 | |
| MACD (12,26,9): | -2.1000 | |
| Directional Movement: | -2.7 | |
| AROON (14): | -42.9 | |
| DEMA (21): | 381.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 371.3 | |
| Elder Ray (13): | -6.8 | |
| Super Trend (3,10): | 405.0 | |
| Zig ZAG (10): | 374.8 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 14.50 | |
| TEMA (21): | 382.0 | |
| Williams %R (14): | -93.70 | |
| Chande Momentum Oscillator (20): | -9.0 | |
| Repulse (5,40,3): | -1.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 382.7 | |
| MA20: | 384.2 | |
| MA50: | 389.6 | |
| MA100: | 399.0 | |
| MAexp7: | 381.8 | |
| MAexp20: | 384.5 | |
| MAexp50: | 389.0 | |
| MAexp100: | 397.4 | |
| Price / MA7: | -4.18% | |
| Price / MA20: | -4.55% | |
| Price / MA50: | -5.88% | |
| Price / MA100: | -8.10% | |
| Price / MAexp7: | -3.95% | |
| Price / MAexp20: | -4.63% | |
| Price / MAexp50: | -5.73% | |
| Price / MAexp100: | -7.73% |
News
The last news published on PETROFAC LIMITED ORD USD0.02 at the time of the generation of this analysis was as follows:
-
Petrofac brings 'scale, capability and credibility' to Nu-Oil's gas-to-wire venture
- PETROFAC INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Petrofac Limited To Contact The Firm
- Petrofac Limited Investors Alert: Hagens Berman Alerts Investors in Petrofac to Investigation into Possible Securities Law Violations Related to UK Serious Fraud Office's Bribery Probe
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Petrofac Limited - POFCF
- SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Petrofac Limited (POFCF)
This member declared not having a position on this financial instrument or a related financial instrument.
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